Author Archives: pmontesdeoca

TRADING SILVER FIBONACCI RATIOS REAL TIME

 

 

Trading Silver Fibonacci Ratios Real Time

Today Patrick MontesDeOca, CEO of the Equity Management Academy, used analysis based on Fibonacci ratios and the VC Price Momentum Indicator to predict that silver might move up to $19.09.

In early December, MontesDeOca published reports positing a “major buying opportunity” in the silver market with the potential for a “major breakout to the upside” and a target of about $18.00.

He said, “Now we’ve accomplished that target.”

What next?

MontesDeOca said, “The market is in a continuation pattern. The market closed above the 200-day moving average, which is very bullish.” He expects a breakout to the upside.

How high are we going to go?

MontesDeOca used Fibonacci retracements from the high last year in August, which provide a “pretty good indication where silver will retrace to.” After a low of $15.68 on December 20, the market has risen to $18.47.  He said, “It’s up a pretty substantial move. . .It appears that even though the market is overbought, there it still has some room to run, potentially reaching the 61.8% retracement of $19.09 or $19.10. “

If the market moves up to reach those targets, then $20.04 is in reach, which is a 78.6% retracement of the entire move from August of last year. Such movements validate for us two indicators: the market is above the 200-day moving average and the market is confirming that we’ve accomplished a 50% retracement from the low last year of $15.68.

MontesDeOca said, “The market on the 24th of February made a new high of $18.46, crossing a resistance trend line, and targeting the 50% Fibonacci retracement.” The market accomplished that target and then came back down to test that level. “Once resistance is broken,” he said, “it becomes support. Closing above $18.44 seems to activate this upside pattern.” Even so, he said, “There are still objectives to the upside to accomplish before this move is over.”

Based on algorithms that identify the supply and demand levels in the market, MontesDeOca identified new targets in the $18.55-to-$18.62 range, all the way up to $18.88. “Closing above $18.44 activates all these targets,” he said, “all the way up to $19.09.”

For more information on the criteria to join the Academy’s select group of investors or to see every trade recommended by the VC Price Momentum Indicator for the past few years and its impressive rate of return, please email support@ema2trade.com or call 805-418-1744.

Silver $19 Handle Coming Up? SPECIAL REPORT

 

 

 

CEO Patrick MontesDeOca of the Equity Management Academy predicted bullish gold and silver markets for the coming week.

MontesDeOca said, “The gold and silver markets remain strong after fulfilling their intermediate objectives in the February time frame. Corrections continue to be shallow with no follow through, and with major buyers stepping up to the plate. We have completed 90- and 180-day cycles, but the price momentum continues to indicate that we could see a spike to the upside next week. With gold finally able to close above $1221 last week, it confirmed a multi-month bottom, while potentially finding an intermediate top that could take place next week.”

In the silver market, MontesDeOca said, “The downdraft last week reinforces the potential for an additional spike high into this week. This would also add confirmation to the new uptrend that is developing, which we anticipated in the later part of 2016.”

MontesDeOca explained that for silver, a daily close above $18.02 would reverse the weekly trend up with targets being activated in the $18.36 to $19.12 levels that correspond to a 50% Fibonacci target and a 61% target retracement of $19.12 of the total move that took place during the second half of 2016 when the market corrected since the highs made in August.

He said that gold’s resistance comes in “at the $1257 area which corresponds to a 50% Fibonacci retracement from the entire 2016 second-half decline.”

“This is a special update on the silver market,” MontesDeOca said, “that is validating the continuation pattern of this trend by testing these levels of support and finding a tremendous number of buyers, supporting a rally all the way up to about $18.50.” He said a close above $18.50 puts into play the 61.8% retracement in silver which is $19.12. “So any corrections in the silver market that occurred last week have been negated and the market is telling us that the continuation pattern is very bullish for the coming week.”

MontesDeOca concluded, “We should prepare to buy long in gold, and a close above $1239 will activate this upward signal of $1261. The silver market breaking through the $18.02 high would be a breakout to the upside. Buy into the weekly levels of the average in silver at the $17.83 level, which match the weekly levels of $17.80.”

For more information on the criteria to join the Academy’s select group of investors or to see every trade recommended by the VC Price Momentum Indicator for the past few years and its impressive rate of return, please email support@ema2trade.com or call 805-418-1744.

 

SILVER FIBONACCI INTERMEDIATE TARGETS COMPLETED

 

 

 

Silver Fibonacci Intermediate Targets Completed

 

After achieving profit objectives set in early January, Patrick MontesDeOca, CEO of the Equity Management Academy, today predicted a retracement in the silver market based on Fibonacci analysis and the Academy’s proprietary VC Price Momentum Indicator.

 

In an article on Trader Planet in early December, MontesDeOca recommended his subscribers to buy silver. Since December 20, silver has risen from $15.68 to $17.8750.

 

“We have pretty much captured a $2 move,” MontesDeOca said. “Our expectation for this move was $2.50.” However, he said, based on the VC Price Momentum Indicator, which indicates major turning market points, “We might have seen an intermediate to short-term high in the silver market at $17.8750.”

 

The VC Price Momentum Indicator is strictly a mathematical formula, unaffected by chatter in the media or on the Internet.

 

The Indicator shows, MontesDeOca said, “If the market closes below $17.80 for the week, we should be looking for a correction. It’s a pretty compelling picture of harmonic timing, with all of the daily and weekly indicators aligning, which suggests there is a high probability that when the price reaches these levels, traders should take profits.” There is, he said, “Significant potential for a correction.” He predicts that silver could test the $17.59 level, with $17.47 the lower level.

 

“The magnitude of the rally,” MontesDeOca said, “pretty much fulfilled the profit objective for this leg,” which started in December. “We could be going into a second-wave correction and that could lead down to $17.12 to $16.76 once again.” The market could move down to $15.76, which would be a 50% Fibonacci retracement. Below that, he said, we are looking at a 68.1% retracement to $16.50. The VC Price Momentum Indicator suggests that prices have activated the weekly lower levels of $17.12 to $16.75, “with a high probability of $16.75 being reached over the next several weeks.”

 

For more information on the criteria to join the Academy’s select group of investors or to see every trade recommended by the VC Price Momentum Indicator for the past few years and its impressive rate of return, please email support@ema2trade.com or call 805-418-1744.

Silver Fibonacci Bullish Continuation Patterns SPECIAL ALERT


Patrick MontesDeOca, CEO of the Equity Management Academy, said the silver “correction has been completed and silver has resumed the uptrend and is set to challenge the highs of $18.50.”

MontesDeOca said, “The silver market corrections are pretty shallow, not as deep as previously, and the pattern seems to be more of a continuation pattern.” He also recognized a descending wedge, which is a bullish indication. If the market wants to close above the resistance line, it would activate a buy signal. He said, “We have entered into a bullish low, trading above the 9-day moving average, and above the wedge resistance line. We ran up in the past few days to high of $17.74. That’s a pretty substantial gain from the low of $16.63. That’s more than a dollar move in five days. The market seems to be supported by very strong demand on any corrections.”

MontesDeOca said, “We recommended after the market hit a high of $17.7450 and met our weekly targets we published Saturday, that these targets were completed.” The action today, he said, is “a very important indication that the market doesn’t have any interest in moving down below the 9-day moving average at $17.30” He sees a “tremendous amount of support.” If silver does close within 25% of the high, around $17.50 or above $17.42, it “would be an indication of pretty much a resumption of the up-trend.”

One of the indicators that we use, Fibonacci trend lines, he said, is used to identify the support and resistance numbers. MontesDeOca said, “Once the market broke above the resistance numbers, the target automatically was $17.70 to $17.77. We announced it in the trading room,” that was the level to take some profits off the table and adjust your positions a little bit. “It did turn out to be true as the market came down to $17.46.”

MontesDeOca said, “Today’s action in the market was extremely bullish. The market came right into our daily codes to buy one at $17.31 and buy two at $17.20. The market coming down to $17.26 activated the buy signal..of about $17.31.” He said, “We are penetrating weekly resistance and daily averages that indicate that the market wants to move higher, testing that $17.73 level or higher.” If silver closes above the highs here, he said, it will indicate a buy signal. He sees “Hardly any resistance all the way up to about $18.52.”

MontesDeOca concluded, “This correction has been completed to the downside and has resumed the uptrend and is set to challenge the highs of $17.77. Closing above $17.77 will activate the targets above of about $18.51.”

For more information on the criteria to join the Academy’s select group of investors or to see every trade recommended by the VC Price Momentum Indicator for the past few years and its impressive rate of return, please email support@ema2trade.com or call 805-418-1744.

SILVER FIBONACCI CONTINUATION PATTERNS PODCAST

 

 

For more information on the criteria to join the Academy’s select group of investors or to see every trade recommended by the VC Price Momentum Indicator for the past few years and its impressive rate of return, please email support@ema2trade.com or call 805-418-1744.

 

Search the Blog

Post Archives